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Mueller Industries Hikes Dividend By 20%

Mueller Industries Inc (NYSE:MLI) Board of Directors has increased the quarterly dividend by 20%. The cash dividend of $0.30 is payable…
byShivani Kumaresan
February 21, 2023
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  • Mueller Industries Inc (NYSE:MLI) Board of Directors has increased the quarterly dividend by 20%.
  • The cash dividend of $0.30 is payable on Mar. 31, 2023, to stockholders of record as of the close of business on Mar. 17, 2023.
  • Mueller Industries paid a regular quarterly cash dividend of $0.25 per share on Dec. 16, 2022.
  • The company held $678.9 million in cash and equivalents as of Dec. 31, 2022.
  • Mueller Industries manufacture vital goods for important markets such as air, water, oil and gas distribution; climate comfort; food preservation; energy transmission; medical; aerospace; and automotive. 
  • Price Action: MLI shares are trading lower by 3.03% at $72.28 on the last check Tuesday.
 
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